Crazy paper trading day
- Thread starter farmerjohn1324
- Start date
Yeah, I'm happy to let behavioral economists make proper clinical determinations. Even when I'm right my bachelors from state doesn't carry a lot of cred.
I don't have one. Don't need one.
Aren't those for people who are employed by others?
You aren't a millionaire.No matter how hard you try to scrape your primary residence into the mix.You do not have a millionaire income or lifestyle.
My assessment is that you have moved into 'construction' after other failed ventures.Perhaps you build one or 2 homes a year.We all know what margins are available.
You need a better income to fund the lifestyle you fantasise about.
YOU WILL FAIL at this venture.
And this is coming from a person that wants to see everyone succeed to the level of their effort.
As usual,it is more about what you don't say than what you do say.I think you have a comfortable life.Good for you.But you aren't self-made and you,especially,will struggle with the rigours of this game.
Have I even talked to you before?
If it becomes apparent, after much trying, that I won't be able to make enough doing this to justify taking energy away from home building, then I'll transfer my energy back to that. It's become monotonous and boring, and no amount of money is worth spending your life doing something that's become unenjoyable.
Lifestyle? I've traveled to almost 120 different countries in the past 4 years. I guess that doesn't count.
I bet you're a loser, btw. You just sound like someone who's never had success. Maybe just average success at trading and that's the best you've ever done. Not enough to fund any life worth talking about.
So my plan worked! (Paper)
I set my OCO order. It hit my sell order at average 3994.29166. Sold a blink of an eye later at 3961.5 (which was actually wider than my target of 20.0 points). So profit of 32.79166 points just like that. What a great plan! It would have been even more except my phone clock must be slightly off from the clocks they use on Wall Street because I was narrowing the OCO "brackets" as it approached 8:30am and I was a split second away from getting the sell order narrowed further.
Now I'm leaving it alone until just after 9:30, where I predict we will have more downside. There had been a lot of hope moving markets up over the past few days. It was at 3800 not too long ago.
I set my OCO order. It hit my sell order at average 3994.29166. Sold a blink of an eye later at 3961.5 (which was actually wider than my target of 20.0 points). So profit of 32.79166 points just like that. What a great plan! It would have been even more except my phone clock must be slightly off from the clocks they use on Wall Street because I was narrowing the OCO "brackets" as it approached 8:30am and I was a split second away from getting the sell order narrowed further.
Now I'm leaving it alone until just after 9:30, where I predict we will have more downside. There had been a lot of hope moving markets up over the past few days. It was at 3800 not too long ago.
Well look at that it went back up. Now I don't know what to think for the rest of the day. Perhaps next time I'll make my TP only 10 points to avoid something accidentally bad possibly happening.
Try not to blow your load prematurely.
Have you coded this up so it can be fully automated? Then collected the minimum of a few 100 samples and done some statistical analysis on the results? Then, also, done similar experiments with a real money trading account? This is what it's going to take to draw valid conclusions and make a living doing this. You're competing against these kinds of mature systems.
Otherwise what you're looking at is so-called "anecdata"; IOW it's completely anecdotal. You're basically gambling in a make-believe casino right now. Looking at a handful of hypothetical trades executed by a finicky human and drawing valid scientific conclusions, about anything except perhaps the human's mental condition, is a mistake. So, you're on the first baby step of a very long journey.
People keep trying to remind you of this but you're stubborn, pig-headed, and determined. That's not necessarily bad, in fact it's probably good... just don't expect the millions to start rolling in yet.
Good luck FJ.
See what I mean.